Given your brief description I wouldn't be surprised with $300-400/night during high season with 3-7 night minimums.

There are lenders doing 0% down so the 10% doesn't surprise me, however, did they say they were willing to cover the full rehab?

I wouldn't go with a condo in Miami, there's too much supply and the HOA fees kill most of your margins and surprise special assessments could get you and you have no choice but to pay and if you tried to sell most buyers would want you to pay the special assessment for them so then you're making even less on your sale. 

@Jay Hinrichs always surprising amount of people who leave equity on the table in foreclosure.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

The policies are out there, but don't be surprised if a few agents say they can't do it.Now that we know you need a Homeowners policy for this deal, you will want to make sure you add a Landlord endorsement to the policy to extend Liability to the 3 rented units. 

A bunch of three or four larges bushes or cacti with some small stuff on the border.You'd be surprised how quickly the stuff grows too.

It would surprise me zero percent if they attempt to just ride it out while they're looking for new housing just so they can leave any time that's convenient for them. 

This saves you work, is one less thing to worry about, and will stop surprise utility bills that can happen if tenants are not conscious of those costs. 

I said no, and took it to my Credit Union......they took it without any hold at all.There is a common theory that these large banks use the floating money from holds to make a little vigorish, I wouldn't be surprised.....